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Singapore non-oil domestic exports slip 0.5% in Oct

Non-oil domestic exports (NODX) in Singapore resumed their slide in October after two months of decline.

SINGAPORE'S non-oil domestic exports dipped 0.5 per cent in October from a year ago, after a 0.3 per cent rise in September.

Trade promotion agency International Enterprise Singapore said this was due to a drop in electronic NODX which outweighed the increase in non-electronic NODX.

Electronic NODX fell 3.2 per cent in October reversing the 5.7 per cent jump in September. Non electronic NODX inched up 0.7 per cent in October, against a 1.9 per cent increase in September.

Month on month, the NODX continued to increase, though easing from seasonally-adjusted 2.8 per cent growth in September to 1.1 per cent, figures released by IE Singapore show.

NODX shipments to all top 10 markets fell, except for Japan, the EU and Hong Kong. China, Taiwan and South Korea were the top contributors for the decline.

Non-oil re-exports rose 6.6 per cent year-on-year in October, in contrast to a 0.4 per cent dip in September.

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